SOLDMultiFamily
The Kislak Co. Inc Acquires 160-Unit Multifamily Building In Rahway For $26.5M
80 E Milton Ave, Rahway, NJ 07065, USA
$26,500,000
$22,083/SF
Building Size
1,200 SF
Asset Type
MultiFamily
Closing
Oct 15, 2020
AI
The multifamily property located at 80 E. Milton Avenue in Rahway has been sold for $26,500,000. The property consists of 160 units, with a price per unit of $165,625.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $26,500,000
- Units: 160
- Price Per Unit: $165,625
The sale was facilitated by The Kislak Co. Inc, acting as the brokers in the transaction.
Players
Rahway MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93